Un modelo microeconómico estocástico del comportamiento del migrante mexicano en Estados Unidos

Translated title of the contribution: A microeconomic stochastic model of the behavior of Mexican Migrants in the U.S.

Rosa María Domínguez Gijón, Francisco Venegas Martínez

Research output: Contribution to journalArticlepeer-review

Abstract

This paper develops a stochastic model that explains the behavior of an immigrant in the United States. In the proposed model, the agent has a subsistence consumption subject to two restrictions: the first considers an irregular income together with saving, while the second considers his consumption routine. The proposed model is used to determine the optimal proportions of income the individual obtains from his work and saving when there is a surplus, and the optimal strategy for future consumption. Thus, a VAR model provides empirical evidence confirming the results of the proposal: data on the consumption and salary of the individual are used, together with relevant variables associated with migrants from 1980 to 2011, using a Granger causality analysis, impulse response functions and variance decomposition.

Translated title of the contributionA microeconomic stochastic model of the behavior of Mexican Migrants in the U.S.
Original languageFrench
Pages (from-to)45-75
Number of pages31
JournalEstudios Demograficos y Urbanos
Volume30
Issue number1
DOIs
StatePublished - 2015

Keywords

  • Habit formation
  • Migrants
  • Stochastic dynamic programming
  • Subsistence consumption
  • Uncertain income

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